The Republican presidential candidates each answer what their biggest weakness is in thirty seconds each.» Read More
Despite an estimated $8- $10 million negative revenue impact from severe weather and Medicare reimbursement cuts, Adjusted EBITDA increased 8.2%, from $25.6 million in the first quarter of 2013 to $27.7 in the first quarter of 2014 Implementation from the previously announced $30 million cost savings initiatives enhanced operating margins Same-center revenue from centers not impacted by the east coast extreme weather conditions increased 4.2% from last year's first quarter Procedural volumes are benefitting from the over 8 million enrollees in state and privately managed health insurance exchanges, including over 1.4 million enrollees in California Completed the refinancing of its junior debt capital during the quarter, yielding over $5 million of annual interest cost savings, increasing financial flexibility and extending maturities Ignoring the loss from debt extinguishment associated with the refinancing, RadNet narrowed its net loss by approximately $300 thousand as compared to the first quarter of 2013 Recognized approximately $1.8 million in Meaningful Use incentives from the implementation of its Information Technology solutions; RadNet expects to recognize up to an additional $6 million of these incentives over the next three years Updated 2014 guidance levels, increasing Adjusted EBITDA, lowering cash interest expense and increasing free cash flow levels.
According to a Gallup poll, Obamacare helped 10 million Americans to get new health insurance, making the percentage of insured people plummet.
The effects of Obamacare will be difficult to measure as the Census Bureau is changing its annual survey. NYT reports.
"But by strategically allocating the Medicaid funds and working with New York State, healthcare providers can create incentives and payment methodologies that will improve the way quality healthcare is delivered to some of our most vulnerable populations."
A massive dump of data about Medicare reimbursements to physicians raised eyebrows for the millions paid to some doctors, but the data aren't perfect.
The research shows prescription claims for Medicaid patients increased in January by 10 percent and in February by 14 percent over the same periods last year.
MINNEAPOLIS, MN, March 25, 2014-- VigiLanz, a digital healthcare technology company headquartered in Minneapolis, announced today that its real-time clinical surveillance and quality software-as-a-service platform is compliant and prepared for the changes in the Centers for Medicare and Medicaid Services ICD-9 coding, used to report medical diagnosis and inpatient procedures, to the new ICD-10 codes, which go into effect October 1, 2014. The new expanded coding has been designed to make the billing process more accurate, streamlined and efficient, and allow for greater specificity and exactness in describing a patient's diagnosis and in classifying inpatient procedures.
Biotechs drop on reports Rep. Waxman has sent a letter to Gilead's CEO asking him to justify the price of Hepatitis C drug Sovaldi.
DANVERS, Mass., March 21, 2014-- Abiomed, Inc., a leading provider of breakthrough heart support technologies, today announced that the Centers for Medicare& Medicaid Services has released an updated version of ICD-10 MS-DRGs and maintained assignment to Diagnosis Related Groups 216-221 for the category of devices that includes Impella ® pumps.
There will be no delay in penalty for missing the health care enrollment deadline, U.S. Health and Human Services Secretary Kathleen Sebelius said.
PHILADELPHIA, PA., March 13, 2014-- With the end of the first open enrollment period under the Affordable Care Act just 18 days away, Independence Blue Cross is hosting an all-day enroll-a-thon today to help individuals get the coverage they need under the new health care law before the March 31 deadline.
LINCOLN, Neb., March 12, 2014-- Ryan Larsen, President for Veolia's IntelliRide Division, announced this week that Veolia has been awarded the company's first state-wide Medicaid brokerage contract.
The Medicare Part D prescription drug program will not be immediately changed by the Obama administration.
SALT LAKE CITY, March 3, 2014-- Myriad Genetics, Inc. today announced that it has published data from the PROCEDE 500 study in the journal Current Medical Research and Opinion, demonstrating that 65 percent of physicians changed their original treatment plans for men with prostate cancer based on results from the Prolaris test.
For the fourth quarter, RadNet reports Total Net Revenue of $178.3 million and Adjusted EBITDA of $31.9 million, increases of 11.9% and 30.0%, respectively, over the prior year's fourth quarter Net Income for the fourth quarter was $0.03 per diluted share, compared to a Net Loss of$ per share in the fourth quarter of 2012 For the year, RadNet reports annual Revenue of $703.0 million and annual Adjusted EBITDA of $112.8 million; Revenue increased 8.6% and Adjusted EBITDA decreased 0.7% from 2012 Annual results exceeded the high-end of the revised 2013 guidance ranges for Revenue and Adjusted EBITDA RadNet announces 2014 guidance ranges, which anticipates stability in Revenue and Adjusted EBTDA despite the previously announced Medicare reimbursement cuts RadNet announces a proposed refinancing transaction to replace its existing $200 million of 10 3/ 8% Senior Unsecured Notes with a Second Lien Term Loan and additional borrowings.
NEW YORK, Feb. 25, 2014-- Seeger Weiss LLP today announced that the U.S. Department of Justice, the United States Attorney for the District of New Jersey, and the Medicaid Fraud Units of the Attorneys General of New York and New Jersey have reached a $15.5 million dollar settlement in a newly-unsealed healthcare fraud case against Doshi Diagnostic Imaging Services, P.C. and Diagnostic Imaging Group, LLC.
TUCSON, Ariz., Feb. 18, 2014-- The Association of American Physicians and Surgeons sent the following letter to Marilyn Tavenner, Administrator of the Centers for Medicare and Medicaid Services, in an attempt to clarify whether patients enrolled in Medicaid have the right to purchase private care:.
Hundreds of people with HIV/AIDS trying to obtain coverage under Obamacare are in danger of being thrown out of their insurance plan.
TUCSON, Ariz., Jan. 20, 2014-- The public relations campaign that is being waged by both advocates and opponents of the Affordable Care Act is largely a war of opposing anecdotes, states the Association of American Physicians and Surgeons.
Dr. William Grace, MD, Grace Oncology founder, discusses the rate of Medicaid recipients using emergency rooms in hospitals unnecessarily.